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2945 Monte Cresta Dr, Belmont, CA 94002

3 beds • 3 baths • 1970 sqft

$2,473,100

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This property looks like a bad Airbnb investment with a projected -24.02% first-year return on $537k initial cash invested.

-24.02%

Cash On Cash

0.95%

Cap Rate

0.16

DSCR

$7,937

Rent

-$10,757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,937 income − $18,694 expenses = $10,757 out of pocket

Income$7,937Out of Pocket$10,757Mortgage P&I$12,398156%Property Taxes$1,61220%Insurance$87511%Management$1,19115%CapEx$3174%Maintenance$3174%Other$1,98425%

Investment Breakdown

|

Purchase Price

$2473k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$537k

Downpayment

20%

$495k

Closing costs

1%

$24,731

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,937

Total Expenses

$18,694

Mortgage P&I

156%

$12,398

Property Taxes

20%

$1,612

Home Insurance

11%

$875

HOA

0%

$0

Property Management

15%

$1,191

CapEx

4%

$317

Vacancy

0%

$0

Maintenance

4%

$317

Other

25%

$1,984

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